Before the Open (Nov 2)

Good morning. Happy Thursday.
The Asian/Pacific markets closed mixed. The Philippines rallied more than 1%; otherwise the region was quiet. Japan and New Zealand moved up; China, Hong Kong, South Korea and Thailand moved down. Europe, Africa and the Middle East are currently mixed and mostly quiet. Hungary and Austria are up more than 1%; the UK, Turkey and Kenya are also up. The UAE, Denmark, Russia, Norway and Israel are down. Futures in the States point towards a mixed open.
—————
VIDEO: There’s a Bull Market Somewhere
—————
The dollar is down. Oil is flat; copper is down. Gold and silver are down. Bonds are up.
Stock headlines from barchart.com…
Facebook (FB +1.44%) lost 1% in after-hours trading after CEO Zuckerberg said the company is serious about preventing abuse and that its investment in security in keeping “problematic content” off of its social network will affect its profitability.
MetLife (MET +0.54%) gained over 1% in after-hours trading after it reported Q3 operating EPS of $1.09, higher than consensus of 92 cents.
Kraft Heinz (KHC +0.48%) lost nearly 2% in after-hours trading after it reported Q3 net sales of $6.31 billion, weaker than consensus of $6.33 billion.
L Brands (LB +1.32%) jumped 9% in after-hours trading after it reported Oct comparable sales unexpectedly rose +2%, better than consensus of down -1.7%.
Qualcomm (QCOM +4.80%) rose 1% in after-hours trading after CEO Mollenkopf said that company’s chip unit is winning market share from rivals and demand from “China remains strong.”
Tesla (TSLA -3.15%) slipped 4% in after-hours trading after it reported a Q3 adjusted loss of -$2.92 per share, a wider loss than consensus of -$2.27.
Symantec (SYMC -1.05%) dropped nearly 8% in after-hours trading after it reported Q2 adjusted EPS of 40 cents, weaker than consensus of 43 cents, and then lowered guidance on full-year adjusted EPS to $1.66 to $1.75 from a prior view of $1.75 to $1.85, below consensus of $1.80.
Exelixis (EXEL -2.26%) rallied 6% in after-hours trading after it reported Q3 EPS of 26 cents, well above consensus of 8 cents.
Hanesbrands (HBI -2.18%) slid 5% in after-hours trading after it said it sees Q4 adjusted EPS of 51 cents-53 cents, below consensus of 56 cents, and then said its sees full-year adjusted EPS of $1.93 to $1.95, weaker than consensus of $1.99.
Yelp (YELP -1.48%) dropped 6% in after-hours trading after it forecast Q4 revenue of $211 million to $216 million, well below consensus of $233.1 million.
Shake Shack (SHAK -2.13%) rose 4% in after-hours trading after reported Q3 adjusted EPS of 17 cents, higher than consensus of 15 cents, and then said it sees full-year comparable sales down -1.5% to -2.0%, better than a prior view of sales down -2.0% to -3.0%.
FireEye (FEYE -3.25%) tumbled 13% in after-hours trading after it forecast Q4 billings of $210 million-$230 million, below consensus of $237 million.
Stratasys (SSYS -6.84%) was downgraded to ‘Neutral’ from ‘Outperform’ at FBR Capital Markets.
GoPro (GPRO +2.30%) slumped 10% in after-hours trading after it forecast Q4 revenue of $460 million-$480 million, well below consensus of $521.4 million.
Oclaro (OCLR -3.02%) sank 14% in after-hours trading after it forecast Q2 revenue of $135 million to $143 million, well below consensus of $159.1 million.
—————
Join our email list – get technical research reports sent directly to you.
—————
Wednesday’s Key Earnings
Allergan (NYSE:AGN) +4.2% raising its earnings outlook.
Facebook (FB) -1.9% AH dinged by its 2018 expense forecast.
Fitbit (NYSE:FIT) -3% AH after a quarterly net loss.
GoPro (NASDAQ:GPRO) -11.1% AH giving soft guidance.
Groupon (NASDAQ:GRPN) +7.3% swinging to a profit.
Kraft Heinz (NASDAQ:KHC) -1.5% AH on light organic sales.
Shake Shack (NYSE:SHAK) +5% AH with better menu pricing.
SodaStream (NASDAQ:SODA) +4.8% surpassing estimates.
Southern Co. (NYSE:SO) -0.2% losing ground in Q3.
Tesla (TSLA) -5% AH updating on Model 3 production.
Transocean (NYSE:RIG) +2.5% AH improving fleet utilization.
Qualcomm (NASDAQ:QCOM) +1% AH beating expectations.
Today’s Economic Calendar
Chain Store Sales
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
4:30 Money Supply
4:30 Fed Balance Sheet
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY